RPM International (NYSE:RPM) Issues Quarterly Earnings Results, Beats Expectations By $0.03 EPS

RPM International (NYSE:RPM) released its quarterly earnings results on Thursday, April 4th. The specialty chemicals company reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.03, MarketWatch Earnings reports. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. RPM International had a return on equity of 21.39% and a net margin of 3.96%. RPM International’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 earnings per share. RPM International updated its Q4 2019 guidance to $1.12-1.16 EPS and its Q4 guidance to $1.12-1.16 EPS.

RPM International stock traded up $0.80 during midday trading on Friday, reaching $60.21. The stock had a trading volume of 726,800 shares, compared to its average volume of 807,654. RPM International has a 1-year low of $47.53 and a 1-year high of $68.13. The firm has a market cap of $7.78 billion, a PE ratio of 20.64, a P/E/G ratio of 2.64 and a beta of 1.18. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.09 and a current ratio of 1.81.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Monday, April 15th. RPM International’s dividend payout ratio is presently 47.95%.

RPM has been the topic of a number of research analyst reports. Vertical Research lowered RPM International from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. BMO Capital Markets dropped their price target on RPM International from $71.00 to $69.00 and set an “outperform” rating on the stock in a research report on Friday, April 5th. Royal Bank of Canada reissued a “hold” rating and issued a $59.00 target price on shares of RPM International in a research report on Sunday, January 6th. ValuEngine lowered RPM International from a “buy” rating to a “hold” rating in a research report on Saturday, January 5th. Finally, JPMorgan Chase & Co. raised RPM International from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $50.00 to $55.00 in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. RPM International presently has a consensus rating of “Hold” and an average price target of $66.57.

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RPM International Company Profile

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and flooring and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.

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Earnings History for RPM International (NYSE:RPM)

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